Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.073%
Price spread now: OKX against Hyperliquid0.000%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now 0.000%, 7d avg −0.102%
=Together, before fees−0.320%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.102% dearer against Hyperliquid than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.102%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.214% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2012 | 0.0275 | pay 0.0034% / 1h | 4m 53s | $8.7M | $8.4M | 5x |
| Short | OKX FET-USDT-SWAP | 0.2012 | 0.0242 | get 0.0121% / 4h | 4m 53s | $1.0M | $8.2M | 20x |
Hyperliquid FET
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.91
- Price spread: 0.000% → −0.102%
- $10.2
- Slippage, 4 orders
- −$27.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.14
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; OKX: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 7 min ago | 0.25 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 4.96 bp | 20.4 bp −$20 | 57.9 bp −$579 | doesn't fit | doesn't fit |
FET on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4701% | 1h | 0.2010 | −0.099% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2015 | +0.149% | $145K | $246K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0457% | 1h | 0.2012 | +0.007% | $993K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2009 | −0.127% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.099% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2010 | −0.102% | $198K | $812K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2010 | −0.099% | $30.8M | $113.2M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2009 | −0.149% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2010 | −0.099% | $31.6M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2011 | −0.050% | $10.6M | $18.8M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2009 | −0.142% | $336K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2009 | −0.149% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2010 | −0.086% | $33K | $250K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2009 | −0.134% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2010 | −0.099% | $1.7M | $3.1M | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0242% | 4h | 0.2012 | 0.000% | $1.0M | $8.2M | 20x | |
| BingX FET-USDT | +0.0257% | 8h | 0.2010 | −0.099% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0265% | 8h | 0.2011 | −0.050% | $16.3M | $11.8M | 75x | as long as short |
| Hyperliquid FETlong | +0.0275% | 1h | 0.2012 | long leg | $8.7M | $8.4M | 5x | |
| Phoenix FET | +0.0505% | 1h | 0.2017 | +0.239% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET